PALM BEACH COUNTY, FL-Challenges remain ahead, however, for the market, as it reported overall absorption of negative 458,053 sf year to date and an increase in the overall vacancy rate from 7.1% at the end of second quarter 2002 to 7.8% a year later.
MIAMI-Arquitectonica emphasized glass in its design of the 36-story, 330-unit condominium tower planned here. It is set to break ground next month and is expected to take two years to build.
WESTON, FL-The commercial real estate development firm, which also plans to sell six acres near the buildings to the same owner, Duke Realty, would recognize about a $3.8 million gain from both sales.
WESTON, FL-Fran Ware and Suzanne Blaut are sales directors of the $100 million luxury community for people ages 55 and up being developed here. The 1,500-sf to 1,850-sf apartments start at $250,000.
MIAMI-The transaction with The Newhall Land and Farming Co. would be in the form of a merger. It is subject to certain approvals and is expected to close by mid-2004.
PALM BEACH GARDENS, FL-Craig Callaway, who will be based in the company's local office, has worked for Callaway & Price Inc., RJS Realty and Koger Equity Inc. He has been in the real estate banking industry for 10 years.
MIAMI-With the second quarter came lower vacancy rates, rising rental rates, higher net absorption and consistent leasing and sales activity, among other factors pointing to a recovering economy, according to two new reports.
FORT LAUDERDALE. FL-Interiors by Steven G., based here, will design the sales center and the public spaces for Vue Residences & Beach Club, a luxury oceanfront condominium community that will consist of two 78-unit buildings.
FORT LAUDERDALE, FL-Portside Yachting Center LLC bought out the property, which has been vacant for 3 = years. The buyer, headed by Andrew Martin, paid $6 million to $7 million and is repositioning the failed retail/entertainment property into a maritime specialty center.
WEST PALM BEACH, FL-The construction and building materials firm subleased a full floor at One Clearlake Centre here. The lease is for 33 months and has an approximate value of more than $505,000.
